Shake Shack Now Offers 18.8% Upside, Vetr Crowd Says

Shares of Shake Shack Inc SHAK have lost roughly 14.5 percent of their value since the beginning of the year, and 9.2 percent in the last month alone. Now, following such a decline, the Vetr crowd seems to believe plenty of upside potential has been unlocked.

Related Link: Here's How Crowdsourced Ratings Can Beat The Market

On Thursday, top raters at the Vetr community decided to upgrade their rating on shares of Shake Shack from 4.0 Stars (Buy) to 4.5 Stars (Strong Buy) - out of a possible 5.0 Stars rating. The new rating better reflects the crowd’s average price target of $39.99, which implies an upside potential of more than 18.8 percent from current valuations.

Finally, it should be noted that 76 percent of the crowd's ratings on the restaurants operator are bullish.

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.